WEX Inc (NYSE:WEX) Director Michael E. Dubyak sold 1,048 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $204.31, for a total value of $214,116.88. Following the transaction, the director now directly owns 33,484 shares in the company, valued at approximately $6,841,116.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of WEX stock opened at $197.57 on Friday. WEX Inc has a 1 year low of $131.35 and a 1 year high of $212.13. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 1.58 and a beta of 1.53. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55.
WEX (NYSE:WEX) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.19. WEX had a return on equity of 17.88% and a net margin of 8.84%. The company had revenue of $381.90 million during the quarter, compared to analysts’ expectations of $379.57 million. During the same period in the prior year, the firm earned $1.81 earnings per share. WEX’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that WEX Inc will post 8.64 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WEX. Ffcm LLC increased its stake in shares of WEX by 50.0% during the fourth quarter. Ffcm LLC now owns 210 shares of the business services provider’s stock worth $29,000 after purchasing an additional 70 shares during the period. Cresset Asset Management LLC increased its stake in shares of WEX by 127.8% during the first quarter. Cresset Asset Management LLC now owns 205 shares of the business services provider’s stock worth $39,000 after purchasing an additional 115 shares during the period. Advisory Services Network LLC increased its stake in shares of WEX by 79.2% during the fourth quarter. Advisory Services Network LLC now owns 405 shares of the business services provider’s stock worth $57,000 after purchasing an additional 179 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of WEX by 20.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 302 shares of the business services provider’s stock worth $58,000 after purchasing an additional 52 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in shares of WEX during the first quarter worth approximately $96,000. 99.16% of the stock is owned by institutional investors.
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WEX Company Profile
WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.
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